US unveils expanded sanctions aimed at Iran's 'economic asphyxiation'

Tehran has threatened to retaliate against any country that joins new US economic measures.

The US on Monday announced an expansion of secondary sanctions it hopes will "sever every economic lifeline" ​that sustains ‌Iran, Treasury Secretary Scott Bessent said at a press conference. The expanded sanctions target Iran's digital assets, technology, gold, aviation and shipping sectors.

Omani FM hopes the two countries will 'soon announce' a joint temporary transit corridor through the Strait of Hormuz.

Tehran says the agreement with Oman on routes through Hormuz does not indicate that the strait is open.

Iran and Oman held talks in Tehran to discuss the management of traffic passing through the Strait of Hormuz, as well as a joint mine-clearing project. Further negotiations are expected to discuss a permanent solution.

Iran says it's ready for new sanctions U.S. describes as "economic D-Day"

Deputy foreign minster says the route's entry as well as part of the exit would run through Iranian territorial waters.

Iran and Oman have agreed on a temporary shipping corridor through the Strait of Hormuz to allow commercial vessels to transit the strategic waterway, as Tehran dismissed U.S. claims that mines had been cleared and warned that the strait could remain closed unless its conditions are met.

Pezeshkian's words of defiance came as Iran's deputy foreign minister said a deal with Oman would bar all military vessels from the Strait of Hormuz in an escalation of Tehran's demands that drew opposition from Washington, which has previously threatened to bomb Oman if it "gets in the way".

Iran’s deputy foreign minister announced a temporary shipping corridor in the Strait of Hormuz.